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on 25-11-2023 07:12 PM
From the OP.
I have not personally checked, as I hit the correct seller before OP provided a listing number. So did not look any deeper.
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on 25-11-2023 07:30 PM
Snooped....... They also have very significant activity on other major platforms. Plenty of higher priced items also.
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on 26-11-2023 06:02 AM
To buy a $2.5 necklace/pair of earings as a gift for anyone here would not be well received. No need to turn on the aircon, the room temperature would drop to well below freezing for months.
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on 26-11-2023 07:38 AM
@littlemiddy wrote:i have 5 different stamps here, including ones i purchased from AP and others on mail I recieved, and the paper quality is definitely different between those and the "suspect ones"
this is a interesting read
https://www.glenstephens.com/snfebruary21.html
“Creating an unfair playing field”
“We will allege this man was forging stamps to create a financial advantage for himself,” AFP Detective Superintendent David Berston said. “He was able to entice customers to his business and away from his competitors because the free postage made his products cheaper, creating an unfair playing field” he continued.
“We also allege this conduct put his customers at risk of not receiving the goods they purchased in good faith, with Australia Post needing to intercept and hold hundreds of mail items that had counterfeit stamps. This crime also siphons money away from Australian taxpayers, because Australia Post is owned by the Commonwealth Government.” Berston concluded.
Approximately 680 mail items bearing these alleged fake stamps, valued at approximately $2,300 face value, were detected by the Australia Post mail Centre operations, but it is unknown how many items with forged stamps had been sent out in the past by Mr. Balcombe. The crooks do not realise the genuine AP stamps have ‘’tagging’’ that is detected in the high-tech mail sorting equipment these days!
Ahhhhh, there's that "unfair playing field".......
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on 26-11-2023 01:44 PM
So some simple calculations:
they have 10,000 current listings all with multiple quantities, the bulk $1.99 each, pretty sure at the minimum it costs them 41 cents ($2.40 total postage) per sale just on postage, so thats 10000x0.41 = $4,100 not to mention the 195000 sales they have already done which equals $79,950, so thats approximately a $84,000 loss. And just remember they have around 10(minimum) of each item, so that would be 10 x $4,100 an additional $41,000
can someone explain how that works please
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on 26-11-2023 05:54 PM
Why on earth do you bother asking. A seller is selling rubbish at a loss. Perhaps they are mad. People who buy their rubbish are definitely mad. But why bother thinking about and going on and on about it. You'd be better off looking at other venues for selling hand make items.
People who are attracted by cheap stuff don't appreciate quality hand made items anyway.
Just let it go.
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on 26-11-2023 05:58 PM
@paper-jack wrote:Why on earth do you bother asking. A seller is selling rubbish at a loss. Perhaps they are mad. People who buy their rubbish are definitely mad. But why bother thinking about and going on and on about it. You'd be better off looking at other venues for selling hand make items.
People who are attracted by cheap stuff don't appreciate quality hand made items anyway.
Just let it go.
Exactly, they would be better of looking at their own business model, rather than worrying about others.
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on 26-11-2023 08:04 PM
@littlemiddy wrote:So some simple calculations:
they have 10,000 current listings all with multiple quantities, the bulk $1.99 each, pretty sure at the minimum it costs them 41 cents ($2.40 total postage) per sale just on postage, so thats 10000x0.41 = $4,100 not to mention the 195000 sales they have already done which equals $79,950, so thats approximately a $84,000 loss. And just remember they have around 10(minimum) of each item, so that would be 10 x $4,100 an additional $41,000
can someone explain how that works please
Yep - probably - simply a tax write off - given the number of outlets they are working on.
Their profits are worth the losses - as a company.
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on 26-11-2023 08:36 PM
@littlemiddy wrote:So some simple calculations:
they have 10,000 current listings all with multiple quantities, the bulk $1.99 each, pretty sure at the minimum it costs them 41 cents ($2.40 total postage) per sale just on postage, so thats 10000x0.41 = $4,100 not to mention the 195000 sales they have already done which equals $79,950, so thats approximately a $84,000 loss. And just remember they have around 10(minimum) of each item, so that would be 10 x $4,100 an additional $41,000
can someone explain how that works please
=========================================
You are assuming that all shipments consist of 1 x $1.99 item only.
They are operating numerous accounts on multiple platforms, and there is no indication that they are about to go broke, so their business model appears to be operating profitably.
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on 26-11-2023 09:03 PM
Looks like a high percentage of buyers, take advantage of the 10% off on additional items. One recent buyer, bought from 7 individual listings for approx $16. Plenty of buyers with 2, 3 & 4 items.
So your calculations are flawed.